• 8 hours Theresa May Wants To Extend The Brexit Transition
  • 2 hours Uber CEO sees commercialization of flying taxis within a decade
  • 8 hours NASA Spends $1 Billion For a Launch Tower That leans, May Only be Used Once
  • 12 hours Plastic bans to dent oil demand growth-BP
  • 2 hours Ideas on demand
  • 11 hours Iran To Recover War Losses By Exploiting Syria Natural Resource !?
  • 2 hours Apple in Talks to Buy Cobalt Directly From Miners
  • 3 hours German Neo-Nazis Are Trying To Infiltrate Daimler: Works Council
  • 1 day US to rejoin Paris climate pact by 2020?
  • 2 hours Vanadium: The Next Star in Batteries?
  • 12 hours Tesla's cloud hacked, used to mine cryptocurrency
  • 6 hours Venezuela's New Bitcoin: An Ingenious Plan or Worthless Cryptocurrency?
  • 1 day Exxon sues the suers in climate-change case
  • 12 hours We're worried about US shale production, while OPEC calls for $10 trillion investment to meet demand?
  • 5 hours API Inventory Data (Tuesdays)
  • 18 hours Elon Musk’s Boring Company Gets Green Light to Start Digging in Washington, DC
Alt Text

Canada’s Oil Crisis Continues To Worsen

The bad news continues to…

Alt Text

India Will Lead Global Oil Demand By 2035

India’s oil demand is growing…

Alt Text

OPEC And Shale Keep Oil Prices Between $60-$75

The battle between U.S. shale…

Irina Slav

Irina Slav

Irina is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing on the oil and gas industry.

More Info

Trending Discussions

Baghdad Asks World To Stop Buying Kurdish Oil

Erbil refinery

A day before an historic vote for independent Kurdistan, the central government of Iraq issued a statement calling on “neighboring countries and countries of the world” to stop buying crude oil directly from the Kurdistan Autonomous Region and only deal with Baghdad.

The independence referendum, which is expected to produce a positive vote, raised Baghdad’s hackles as soon as it was floated as an idea. The idea took quite a long time to turn into reality, what with Kurdistan’s own internal political squabbles, but it did become a reality and the results should be announced on Wednesday or Thursday.

The EU, the UN, and the United States have all urged Erbil to cancel the referendum with the argument that it would distract the Kurds from the number-one regional problem: the remains of Islamic State. These urges apparently fell on deaf ears, although not everyone in Kurdistan believes that the vote actually aims to establish an independent Kurdish state, the fight for which has gone on for over a century. In fact, some political sources have suggested that it’s all about control over the oil around Kirkuk and elsewhere in the autonomous region—oil that the KRG controls to the displeasure of Baghdad.

This Sunday’s statement, signed by PM Haider al-Abadi, appears to be addressed mostly to Turkey, which is, ironically, the primary destination for Kurdish oil. The irony lies in the fact that Turkey’s increasingly authoritarian regime is possibly the most vehement opponent of an independent Kurdish state. Related: U.S. Shale’s Most Productive Play May Peak By 2021

Reuters notes in its report of the Baghdad statement that the central Iraqi government has always been opposed to the KRG trading independently in crude, and has made more than one attempt to stop this independent trade.

The Kurdistan Autonomous Region pumps around 650,000 barrels of crude daily, of which 150,000 bpd from fields around Kirkuk – fields that are the subject of a dispute between Erbil and Baghdad.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News